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Petrol Price in New Delhi (26th June 2019)

Petrol prices in New Delhi have been turning more volatile, as prices of crude oil have been showing a firm trend. It is important to check todays petrol price in New Delhi ₹ 70.05 (25th June 2019), especially if you are going for a long drive. Remember, petrol and diesel prices are revised daily, so you can lose much, if you are travelling on a long distance. The rupee has also moved lower against the dollar, which has made petrol prices in New Delhi more expensive than before. It is hoped that the government can reduce excise duties, so as to enable rates to become more cheaper in the coming days.

Jun 25, 2019
₹ 70.05 /Ltr

Last 10 Days Petrol Rate in New Delhi

Date Price Price Change
Jun 24, 2019 ₹ 70.05 ₹ 0.07
Jun 23, 2019 ₹ 69.98 ₹ 0.05
Jun 22, 2019 ₹ 69.93 ₹ 0.00
Jun 21, 2019 ₹ 69.93 ₹ 0.00
Jun 20, 2019 ₹ 69.93 ₹ 0.00
Jun 19, 2019 ₹ 69.93 ₹ 0.00
Jun 18, 2019 ₹ 69.93 ₹ 0.00
Jun 17, 2019 ₹ 69.93 ₹ 0.00
Jun 16, 2019 ₹ 69.93 ₹ -0.06
Jun 15, 2019 ₹ 69.99 ₹ -0.19

Daily & Monthly Petrol Price in New Delhi : Graphical Representation

Historical Petrol Price in New Delhi

  • Trend of Petrol Rate in New Delhi, June 2019
  • Petrol Price
    1st June Rs.71.62
    30th June Rs.70.05
    Highest rate in June Rs.71.62 on June 1st
    Lowest Rate in June Rs.69.93 on June 16th
    Over all performance Falling
    % Change -2.24%
  • Trend of Petrol Rate in New Delhi, May 2019
  • Trend of Petrol Rate in New Delhi, April 2019
  • Trend of Petrol Rate in New Delhi, March 2019
  • Trend of Petrol Rate in New Delhi, February 2019
  • Trend of Petrol Rate in New Delhi, January 2019
  • Trend of Petrol Rate in New Delhi, December 2018

Petrol prices in Delhi are now changing everyday, as against every 15 days before. We are providing daily petrol price rates, so you can check the same on goodreturns.in

The advantage of doing that is you know when to fill petrol and make maximum use of falling petrol prices. In any case Delhi petrol rates are much lower then some of the other cities in India. It also sets the trend for an increase or decrease in rates in various other cities of India. The rates would be largely determined by the largest oil marketing companies in India, that is Indian Oil, Bharat Petrolem and Hindustan Petroleum. You would do well to check the rates given the fact that if you fill same about 30 to 40 litres petrol you could tend to lose a lot. Now that petrol prices in Delhi have been dergulated like many other cities in the country.

How are petrol prices in Delhi determined?

Petrol rates in Delhi largely depend on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. There is also an India crude basket, which largely determines the prices of Petrol in Delhi. It is always advisable to check the petrol prices, if you are planning to fill your automobile to the brim. A small change in rates can be mean a lot when you have larger volumes of diesel or petrol to fill. Diesel prices in Delhi also more or less move in a smilar way.

Increasing trend in the last few days

Lately, we have been seeing an increasing trend of petrol prices rallying in several cities. In fact, in places like Delhi they have now hit the Rs 72 per litre mark. This has happened as international prices of crude have gone higher and there is every possibility that there could be a further increase in prices.

The government has in the past cut the excise on petrol to make-up for the huge gains seen in the prices of petrol. However, any such cuts in the excise tends to impact the government's fiscal deficit.

If the trend of an increase in Delhi prices of petrol today continues, we may soon realize that rates have now hit a three year high and this is not good news for any government.

An urgent cut in the prices of the fuel is needed to be implemented by the government at the earliest.

How petrol prices are influenced in Delhi?

Todays petrol prices in New Delhi are a result of a host of a factors that influence rates.

Among these include world prices of the fuel. At the moment Brent Crude prices are trading at $64. When these prices go higher, the India crude basket goes higher, which in turn alters the daily price of petrol in Delhi. A similar thing can be seen as far as diesel is concerned. 

It is hence a good idea to check prices of the fuel before leaving your home. For the last few days there has been a declining trend at the retail level. Once petrol and diesel prices are bought under the ambit of the Goods and Services Tax, we may see these prices declining in the coming days. In the meantime, we would have to continue to pay the desired sum and wait for a fall in todays petrol rates in New Delhi.  

 How Petrol Prices in New Delhi Today are calculated?

Fuel rates in India depend on a host of things. Petrol prices in Delhi today depend on the India crude basket, transportation costs, value added taxes and excise duty levied by the government.

The fuel costs in the city are pretty high, though they are way lesser than what Mumbai charges. The city has one of the highest value added taxes, which has pushed petrol prices higher.

In India, when excise by the government is hiked, petrol prices in Delhi tend to increase. At the moment, excise is slightly more than Rs 21. The local government also tends to tinker with the value added tax, which tends to inflate the fuel rates.

The currency also plays a big role, in pushing the price of petrol and diesel either way. If rates tend to move in one direction heavily, the government can cut or hike rates accordingly.

 Overall, it is likely that we will see sharp cuts in the prices of the fuel in the coming days. International prices have the biggest bearing and any drop in these tend to help rates cuts. Movement of the rupee against the dollar also tends to impact petrol and diesel prices accordingly.

So, for calculation of todays petrol price in Delhi one has to taken into account, excise, value added tax, India crude basket and currency movement. 

 

Petrol Rates in New Delhi Remains Flat

The petrol prices in New Delhi remained flat despite witnessing fall in the overseas markets amidst tensions in the Middle East region.

The petrol rates in New Delhi were seen at Rs 70.05 per litre.

In the global markets, Brent stood at $63.98 per barrel, down by 0.31% and WTI was at $57.85 per barrel, down by 0.09%.

The recent attack on two oil tankers in the coast of Gulf of Oman has led to an escalation of trade tensions between Iran and U.S. Washington has blamed Tehran for the attack and the oil major has subsequently denied those allegations. This attack follows the downing of a U.S. based surveillance drone by Iran, which denies having any role.

To tackle the situation, the U.S. President – Donald Trump has imposed further sanctions on Iran’s supreme leader along with other top officials. Analysts believe that there will no talks between the U.S. and Iran at the moment to resolve the crisis, which is supporting the crude prices to move up.

The domestic Indian rupee strengthened against the U.S. currency and stood at 69.37 during today’s trade session. The rise in the value of Indian rupee has helped to keep the petrol prices steady in New Delhi.

25 June 2019
Petrol Prices in New Delhi Remains At Rs 69.93 Per Litre

The petrol rates in New Delhi remained flat despite edging up in the overseas markets amidst tensions in the Middle East region over the attack on oil tankers. The petrol prices in New Delhi were seen at Rs 69.93 per litre.

In the overseas markets, Brent was seen trading at $64.45 per barrel, up by 1.08% and West Texas Intermediate was at $57.43 per barrel, up by 0.63%.

The recent tensions in the Middle East post the attack on two oil tankers in the coast of Gulf of Oman has escalated tensions between the U.S. and Iran, with Washington accusing Iran of the attack and Tehran denying its role. Added to this the recent downing of U.S. military drone by Iran’s missile made the U.S. President approved the military strikes against Tehran on the early hours on Friday, but was abruptly pulled back.

The rallying crude rates in the global market has become a burden for India as the country mainly depends on foreign imports for crude by more than 80%. The country’s oil minister – Dharmendra Pradhan has taken up the matter to his Saudi Arabian counterpart – Khalid al-Falih and expressed concerns about rising crude prices. The Indian oil minister had a telephonic chat with Saudi’s minister and asked the oil major to play an active role within the OPEC and OPEC + to keep the oil prices at a reasonable level.

22 June 2019
Petrol Rates in New Delhi Stays Constant

The petrol prices in New Delhi remained constant despite slipping in the overseas markets due to the escalation of tension between the U.S. and Iran. The petrol rates in New Delhi were seen at Rs 69.93 per litre.

In the global markets, Brent was seen trading at $64.04 per barrel, down by 0.64% and West Texas Intermediate was at $56.71 per barrel, down by 0.63%.

The reports of Iran drowning of an unmanned U.S. military has led to the escalation of tensions between the U.S. and Iran. The U.S. President – Donald Trump has suspected that it was shot by mistake and also added that “it would have made a big difference” to him had the remotely controlled aircraft been piloted.

Efforts are being made to de-escalate the tensions between the two countries. The U.S. President first approved off strikes against Tehran early in the morning today before pulling back from military strikes at the end moment, in a bid to reduce the mounting tensions and to avoid war with Tehran at all cost.

Meanwhile, the Indian rupee value slipped against the U.S. currency as crude prices shot up during today’s early trade sessions before slipping over due to the escalation of tensions between the U.S. and Iran. 

21 June 2019
Petrol Rates in New Delhi Stays Flat

The petrol prices in New Delhi stood still despite gains in the overseas markets amidst a drop in crude production in the United States of America. The petrol rates in New Delhi were recorded at Rs 69.93 per litre.

In the international markets, Brent was seen at $62.79 per barrel, up by 1.57% and WTI was at $54.81 per barrel, up by 1.56%.

The crude prices gained over 1 per cent during today’s trade session due to the huge drop in U.S. crude stocks more than analysts expectations. The crude stocks in the U.S. have declined by 3.1 million barrels per day (bpd) after swelling to nearly two-year highs as against the analyst's expectations of 1.1 million barrels, the Energy Information Administration (EIA) stated. Added to this, the refined products also dipped due to the rise in crude and refining exports amidst fall in crude production.

Last week’s attack on the two oil tankers along the coast of Gulf of Oman has raked up tensions between the U.S. and Iran, with the U.S. criticizing Tehran for the attack and Iran denying allegations against it. Reports state that there was a rocket attack on a site in the Southern part of Iraq which was used by the foreign oil companies has wounded three people in the area and this has further escalated tensions between the U.S. and Iran in the region.

In India, the rise in the value of domestic rupee against the U.S. currency has helped the petrol prices to stay firm in New Delhi irrespective of its movement in the international markets.

20 June 2019
Petrol Rates in New Delhi Remains Constant

The petrol prices in New Delhi remained constant despite edging up in the overseas markets as mounting trade tensions between the U.S. and China have eased off. The petrol rates in New Delhi were recorded at Rs 69.93 per litre.

In the global markets, Brent stood at $62.27 per barrel, up by 0.21% and West Texas Intermediate was at $54.26 per barrel, up by 0.28%.

The OPEC member countries decision to trim down the additional crude supply to the oil industry has led to the surging up of crude prices in the global markets and since the beginning of 2019, till date, the crude prices have rallied up by more than 30%. All the OPEC members and its non-OPEC partners are all set to meet on July 10-12 in Vienna where the decision to extend a supply reduction pact or to end the same will be decided.

The U.S. and China are all set to reach out for a broad deal on the trade war between both the nations which has tumbled down the economy of dragon country for the first time since last 17 years. The interaction between both the sides has been very limited since last one month after the U.S. President threatened and reportedly slapped on more tariffs on Chinese Products in an escalation which both the nations desperately want to avoid.

Meanwhile, the Indian rupee surged up against the dollar and was seen trading at 69.67 mark during today’s trade session. The rise in the value of rupee has helped to keep the petrol prices constant in New Delhi.

19 June 2019
Petrol Rates in New Delhi Stays Firm

Petrol prices in New Delhi stood constant despite a slump in crude prices in the international market amidst emerging weak economic data from China. The petrol rates in New Delhi were recorded at Rs 69.93 per litre.

In the overseas markets, the crude benchmark – Brent stood at $60.58 per barrel, down by 0.59% and West Texas Intermediate was at $51.67 per barrel, down by 0.50%.

The OPEC members decision to trim down the additional supply of crude to the oil industry has created tightness in the oil markets. So far the oil majors are successful in trimming down the crude supply to the tune of 1.2 million barrels per day since January 2019 which has boosted the fuel’s prices by 30% till date.

The year-long tit for a tat trade war between the U.S. and China has taken a toll on the Chinese economy with China’s industrial output growth declining for the first time since the last 12 years. The industrial output growth for the month of May grew at 5.0%, below the analyst's expectations of 5.5% and below the April months mark of 5.4%. This is a clear indication that the demand for crude oil in China will depreciate and this has led to the plunge in crude prices in the overseas markets.

Meanwhile, the Indian rupee traded higher by 10 paise at 69.80 against the U.S. currency during today’s trade session. The rise in the value of the domestic currency has helped to keep the petrol prices firm in New Delhi.

18 June 2019
Petrol Prices in New Delhi Remains Constant

The petrol prices in New Delhi stood constant despite its rise in the overseas markets amidst fresh tensions in the Middle East. The petrol rates in New Delhi were seen at Rs 69.93 per litre.

In the international markets, Brent has seen trading at $61.87 per barrel and West Texas Intermediate was at $52.36 per barrel.

The recent attack on oil tankers in the Middle East has again flared up tensions between the U.S. and Iran. Tensions between the two countries have escalated since U.S. President – Donald Trump pulled out of the Nuclear Deal with Iran last year which was aimed to curb Tehran’s nuclear ambition in exchange for sanctions relief.

The U.S. went ahead and imposed sanctions on Iran’s crude exports which have damaged the economy of oil major to a major extent. Iran, on the other hand, has warned that it will block the Strait of Hormuz if it cannot sell its fuel due to U.S. sanctions.

Meanwhile, the Indian rupee was seen the trading flat at 69.81 per dollar during today’s trade session as against the previous close of 69.80. The petrol prices in New Delhi is determined based on international crude prices and rupee-dollar currency exchange ratio.

17 June 2019
Petrol Rates in Delhi Trimmed By 19 Paise

The petrol rates in New Delhi were cut despite securing strong gains in the overseas markets amidst the escalation of trade tensions between the U.S. and China. The petrol prices in New Delhi were seen at Rs 69.99 per litre, down by 19 paise.

In the overseas markets, Brent was seen trading at $62.01 per barrel, up by 0.44% and West Texas Intermediate was seen at $52.51 per barrel, up by 1.14%.

The year-long trade tariff war between the U.S. and China has taken a toll on the economy of both countries. The recent data surrounding economic data from the U.S. and China show weak data which has sent a strong message across the equities markets hurting the investor's sentiments badly. The data on industrial output from the May month has slowed down to hit a 17 – year low in China.

The slowdown of the global economy added with the escalating trade war, Brexit issue has led to the decline in the demand for crude in the oil industry.

Meanwhile, the Indian rupee was seen trading at 69.88 during the previous day’s close against the U.S. dollar. The petrol prices in Delhi is mainly determined based on the rupee-dollar currency exchange rate and crude prices in the international market.

15 June 2019
Petrol Rates in New Delhi Slides By 8 Paise

The petrol prices in New Delhi declined slightly despite edging up in the overseas markets amidst rising inventories. The petrol rates in New Delhi were recorded at Rs 70.35 per litre, down by 8 paise.

In the international markets, Brent stood at $60.77 per barrel and West Texas Intermediate was at $51.52 per barrel.

The rise in the production of crude has led to the downfall in its prices in the global markets. The report from the U.S. Energy Information Administration (EIA) states that the crude stockpiles rallied up unexpectedly for a second week consecutively to touch 2.2 million barrels during last week after analysts had predicted a fall of 481,000 barrels. The EIA has trimmed its forecasts for fiscal 2019’s world oil demand growth.

The negative forecast for crude is prompting the hedge fund managers to exit oil positions at a quick rate since the fourth quarter of 2018 amidst fears about the health of the global economy. The ongoing trade war between the U.S. and China has slowed down the global economic growth and the same is reflecting amongst most of the developing nations across the globe.

Meanwhile, the Indian rupee value edged lower to touch 69.38 against the U.S. currency during today’s early trade session. The petrol prices in India is mainly decided based on international crude prices and the rupee-dollar exchange rate ratio.

13 June 2019
Petrol Rates in New Delhi Stands Still

The petrol prices in New Delhi stood still despite depreciating in the overseas markets amidst surprise rise in the U.S. crude production. The petrol rates in New Delhi remained flat at Rs 70.43 per litre.

In the global markets, Brent was seen at $61.02 per barrel, down by 2.04% and West Texas Intermediate was at $52.07 per barrel, down by 2.25%.

The rise in the U.S. crude output despite rising expectations of OPEC members supply cuts have led to the decline in crude prices by over 2 per cent during today’s trade session. As per the report from the U.S. Energy Information Administration (EIA), the energy firm has trimmed the outlook for fiscal 2019 with respect to the world oil demand and U.S. crude oil production.

The EIA has declined its fuel demand growth forecast by 160,000 barrels per day (bpd) to touch 1.22 million bpd and withdrew its earlier forecast of U.S. Crude Production to 12.32 million bpd which is 140,000 bpd less than the May forecast.

The surprise rise in the U.S. crude fuel output has put a cap on rising crude prices in the international market.

Meanwhile, the domestic Indian rupee was trading flat at 69.32 mark against the U.S. currency during today’s trade session ahead of the IIP numbers and inflation report which is scheduled to be released today.

12 June 2019

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